Government Announces New GH Bank 'Baan Khon La Lang Plus' Loan Scheme
The Thai government has introduced a new mortgage program through the Government Housing Bank (GH Bank) featuring interest rates starting at 2.60%.
According to a report by Matichon Online on October 18, 2026, the Thai government has unveiled the terms for the 'Baan Khon La Lang Plus' (One House Per Person Plus) loan scheme, managed by the Government Housing Bank (GH Bank).
This initiative is designed to facilitate home ownership by offering competitive financial terms. The program features an initial interest rate starting at 2.60% per annum. Under the current payment structure, borrowers can expect monthly installments starting at approximately 3,600 baht per one million baht of the loan amount.
For residents, this program may provide a more accessible pathway to property acquisition in Thailand, potentially lowering the barrier to entry for those looking to secure long-term housing. For travelers, while this news does not directly impact short-term tourism, it reflects broader shifts in the local real estate and banking sectors that influence the country's economic landscape.
It is important to note that specific eligibility criteria, such as income requirements, employment status, and property value limits, have not been fully detailed in this initial announcement. Interested parties should consult directly with the Government Housing Bank or official government channels to confirm their eligibility and the full scope of the terms and conditions before making any financial commitments.
